Author: NBTC

The financial world is buzzing with news of a significant move by the Arizona state pension fund. This prominent institutional investor has recently boosted its stake in MicroStrategy (MSTR), a company known for its substantial Bitcoin holdings. This decision signals a growing trend among traditional financial entities to explore new avenues for investment growth. What’s Driving the Arizona State Pension Fund’s MicroStrategy Bet? The Arizona State Retirement System has increased its investment in MicroStrategy by an additional $2 million. This brings their total holdings to 72,315 shares, according to SolidIntel data. This position is now valued at over $24 million,…

Midas, a yield and wealth management company, has partnered with Axelar, a cross-communication entity, and Hyperithm, a digital asset management firm. The partnership is aimed at redefining yield opportunities for those holding $XRP tokens, with the launch of $mXRP. As the platform disclosed in its exclusive announcement on X, the development transforms untapped $XRP tokens into a considerable proactive asset to operate in the DeFi ecosystems. Hence, the initiative is focused on broadening $XRP’s adoption by using it in the form of collateral across diverse decentralized markets. Midas, Hyperithm, and Axelar Roll Out $mXRP to Transform Untapped $XRP into Productive…

The Ethereum Foundation has launched a new decentralized AI team led by Davide Crapis. For Gil Rosen, co-founder of the Blockchain Builders Fund, this move represents a shift for Ethereum from a neutral settlement layer to a more “opinionated” Layer-1. The Ethereum Foundation Ventures Into AI With New Team The Ethereum Foundation has recently launched a decentralized artificial intelligence (AI) team led by Davide Crapis to position the Ethereum blockchain as a foundational settlement and coordination layer for autonomous AI agents. The move reflects Ethereum’s ambition to play a central role in shaping the future of AI—one that is open,…

Imagine a digital Korean Won that could be traded globally with ease and unwavering stability. This isn’t just a futuristic dream; it’s a tangible possibility, but one that hinges on crucial financial reforms. The potential for a successful won stablecoin in South Korea is immense, promising to elevate the nation’s financial standing on the international stage. However, realizing this vision requires significant groundwork, as highlighted by a leading government think tank. Why is a Robust Offshore Market Key for Won Stablecoin Success? According to the Korea Institute for International Economic Policy (KIEP), a government-affiliated research institution, the path to a…

Tokens from emerging perpetual trading decentralized exchanges posted substantial gains over the past week while established platforms declined, suggesting capital rotation within the derivatives trading sector. Avantis and Aster led newcomer performance as total value locked (TVL) in DeFi migrated toward newer protocols despite sector-wide retracement. Avantis’ native token AVNT has climbed 66% over seven days, from $1.25 to the current $2.05. The token reached a peak of $2.64 on Sept. 21, representing 320% growth above its $0.4880 launch price less than two weeks after debut. Additionally, Avantis’ TVL increased by 27% from $17.7 million to $22.6 million between Sept.…

Rex Shares will soon release a new fund called REX-Osprey ETH + Staking ETF, with the ticker $ESK, reports Cointelegraph. This fund will be the first in the US to let investors own Ethereum and also earn staking rewards in one fund. It gives investors an easy way to gain from ETH growth and earn staking income. A Simple Way to Invest in Ethereum Ethereum is not just a cryptocurrency anymore. It now gives ways to earn passive income through staking. Staking means locking up ETH in the network. And in return, holders get rewards for helping to keep Ethereum…

Crypto protocols raised $1.9 billion in August, down 30% from July’s $2.67 billion, according to DefiLlama data. Despite the monthly drop, August numbers for raises from venture capital funds align with the numbers recorded in July, with $600 million captured from PUMP’s public sale last month. DeFi protocols dominated August funding with multiple major raises, including Portal’s $50 million round, M0’s $40 million Series B, and aPriori’s $20 million strategic investment. The sector attracted consistent institutional capital across infrastructure and trading platforms. Additionally, the third quarter already surpassed the second quarter’s $4.54 billion totals with $4.57 billion captured in just…

Have you ever wished for a way to find stable, predictable income in the often-volatile world of cryptocurrency? For many, the idea of turning crypto’s unpredictable swings into a steady stream of returns seems like a distant dream. However, an innovative product named Pendle Boros is making this a reality, as highlighted in a recent report from Tiger Research, a respected Asia-focused Web3 firm. This new offering from Pendle Finance is skillfully converting the often-erratic funding fees from cryptocurrency futures into something truly groundbreaking: fixed, predictable returns. What Exactly is Pendle Boros and How Does It Work? Traditionally, institutional investors…

Fidelity offloaded about 7,454 ETH, which is worth approximately $31.2 million, from its Fidelity Ethereum Fund (FETH). Looks like they’re adjusting their digital asset portfolio, probably hedging some risk or reallocating, given the crypto market volatility. Thus, it’s exactly what you’d expect from a firm like Fidelity: actively managing assets to maintain a competitive edge. Fidelity Ethereum Fund Adjusts Holdings To Manage Risk Fidelity’s recent sale of 7,454.42 ETH signals a calculated move in their portfolio management strategy. Instead of passively holding, the firm is clearly adjusting its Ethereum exposure to stay smart. In times of serious volatility, it’s reasonable…

Uruguay is in the initial stages of studying the implementation of a digital currency as part of a restructuring process. Adolfo Sarmiento, the former manager of economic policy and markets, has been reassigned to oversee the project. Uruguay Jumps on the Digital Currency Bandwagon as Part of Restructuring Process The Central Bank of Uruguay is undertaking a deep restructuring that will include an analysis of a potential digital-currency implementation in the country’s economy. According to local media, this process started last August, when the institution removed Adolfo Sarmiento, the manager of economic policy and markets, from his position, without clarifying…